Machine Shop Insurance

As a machine shop, the services you provide are critical for your customers. Their business relies on yours. Protecting your shop with specialized machine shop insurance can mean the difference between surviving and thriving or shutting down in the face of the unexpected.

Specialized machine shop insurance to protect your essential business equipment

The work you do requires specialized equipment. Without it, you will be unable to run your business. Protect it with commercial property insurance that addresses the high value of your machinery. Mechanical breakdown insurance can also help cover the cost of repair and replacement in some cases.

Coverage for the products you make

Other businesses and consumers are depending on your expertise and they expect your work to be flawless. However, mistakes can still happen. Therefore, consider both product liability and product recall insurance. If your product is defective and causes injury or damage to a person or their property, you could be held liable. At that point, you might be forced to recall a product. That is where product recall insurance can help cover the high costs of dealing with that recall.

Protection against the byproducts of your work

Machine shops can potentially create environmental hazards. For example, solvents, chemicals, and paints can contaminate the air, water, and ground in and around the property. In addition, damage can spread beyond the property, creating a third-party claim. Environmental impairment liability insurance can cover costs of court and attorney fees, damages awarded, and clean-up costs.

Planning for times of inoperation

If your business closes due to a fire, for example, you cannot make your products and you cannot generate revenue. Business interruption insurance can provide funds for operational costs and even a temporary location. Riders are available to cover situations where a break in the supply chain means you do not have access to materials you need to operate.

Don’t neglect the business side of your organization

Cyber liability insurance can protect your business in the event of a cyber-attack or data breach. If vehicles are owned by your company, business auto insurance is a must. Consider hired and non-owned auto if employees use their own cars for business purposes. Employment practice liability insurance (EPLI) offers protection against allegations of discrimination and harassment.

Interested in specialized machine shop insurance for your business? Reach out to our team when you are ready to review options. for more information.

Request a machine shop quote to get started.